Credit Repair Strategy #3. Reduce Your Balance to Credit Limit Ratio

Pay down any credit cards you have and keep the balance under 30% of your available credit limit.  When you use 40% of the credit limit on a card you lose points with the credit bureaus. As you use more of your available credit limit…50%, 60%, 80%, 100% your credit score goes down.

Always keep the balance around 30%.

Here’s something that you can do right now.

Get rid of your Capital One Credit Cards!

Capital One always reports to the Credit Bureaus that you have used 100% of your credit limit. Under oath their executives have admitted that they do this to deliberately lower your score so you can’t get credit from anyone else.

…that’s today’s credit repair strategy and special tip.  We’d enjoy helping you and your family improve your credit score. Thanks for listening and have a wonderful day.

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